Project Manager

We have an incredible opportunity for 2 x Project Managers (PM) to join our Change & Transformation (C&T) team on a permanent basis with a regular office attendance in London (hybrid working).

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.   

Within this role, you will be a valued member of the wider C&T Team by playing a crucial role in project delivery, driving efficiency and enhancing overall performance. You will contribute to the C&T team, ensuring that the Railpen Change Management approach is adhered to throughout the project lifecycle. This role will look to collaborate with business stakeholders across the company to successfully deliver projects to support Railpen’s strategic goals.

We are looking for an experienced Project Manager who has demonstrable experience delivering change, ideally within the asset or investment management environment, and will be comfortable operating with strong controls, auditability, and clear evidence-based governance in line with the project standards set out by the Change Policy and associated procedures. The ability to work within a complex change environment, and deal with ambiguity is key. You will have exceptional project management and planning skills and an in-depth knowledge and understanding of project management methodologies including Agile and Waterfall.  

We are looking for someone who has a proven capability to build and maintain strong relationships with a wide range of business stakeholders, including senior and ExCo-level leaders, keeping them fully informed on progress to ensure engagement throughout the project lifecycle. You will be a credible, confident communicator with the ability to influence at a senior level, effectively managing relationships with internal and external customers and stakeholders while clearly articulating strategy and vision. Exceptional organisational skills, including strong attention to detail and time management, are fundamental to ensuring timely, high-quality delivery. Ideally, this person will have led or been at the forefront of change across the front, middle and back office environments, and has a working knowledge of fund structures, fund accounting and or transfer agency.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members. 

This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

• A competitive salary (depending on experience)

• 28 days annual leave plus bank holidays

• Generous annual bonus plan

• We provide membership of the Railways Pension Scheme

• 4x Life Assurance cover

• Private Medical Insurance

• Employee assistance programme

• Health cash plan

• Eye care vouchers

• Flu vaccination

• We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave

• Buy and sell holidays

• Give as you earn scheme

• Paid volunteering days

• Electric vehicle leasing

• Cycle to work scheme

Please apply via the apply button or visit Careers at Railpen by 5pm on 25th August 2026.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.